Hong Kong Limited Company

With a taxation system based on Territorial tax, multiple banking institutions and large number of double taxation treaties, Hong Kong has established as one of the best jurisdictions in the world to operate an international business. Hong Kong companies are commonly used by companies who provide consultancy or broker services or where they are shipping good s internationally in conjunction with a second company in the product source or

Incorporation Procedure

Incorporation takes up to 7 days. Initially a name search will be conducted before the registration is submitted. We will let you know if your preferred name is not available and may offer some alternatives.

The usual authorised share capital is HK$1,000. The minimum issued capital is one share of par value. Ordinary shares, preference shares, redeemable shares and shares with or without voting rights are all permitted.

Capital duty at the rate of 0.1% of the authorised capital is payable to the government on incorporation and subsequent increase of any amount of the authorised capital. A multiple currency share capital is also permissible.

A minimum of One Director and One shareholder is required. There is no restriction on the nationality of residence. The names of these company officials will appear on the public records in Hong Kong.

A Hong Kong Company must appoint a Company Secretary who must be a resident in Hong Kong.

Annual requirements

The Hong Kong company is required to file its Annual Return each year.

It must also ensure audited accounts are prepared, maintained and filed, however the accounts of the company need not be publicly accessible.

Taxation

For revenue generated from business conducted in Hong Kong:

16.5% for companies

15% for unincorporated businesses (Sole Traders)

2%-17% for salaries

For revenue generated from business conducted outside of hong kong there are ZERO corporation or salary taxes levied.
In addition, Hong Kong levies Zero tax on capital gains tax and inheritance tax.